BoJ to revise year-on-year rate core CPI forecasts for fiscal year 2023 and 2024 higher – Bloomberg

Market news

17 October 2023

BoJ to revise year-on-year rate core CPI forecasts for fiscal year 2023 and 2024 higher – Bloomberg

The Bank of Japan (BoJ) is highly likely to revise the year-on-year Core Consumer Price Index (CPI) forecasts for the fiscal year of 2023 and 2024 higher, Bloomberg reported on Tuesday.

The BoJ's new Core CPI forecast for the fiscal year 2023 is likely to approach 3%, up from 2.5% as of July, and be set at 2% or more in sight for the fiscal year 2024, Bloomberg added.

Market reaction

USD/JPY dropped below 149.00 with the immediate reaction to this report but quickly recovered to 149.50 area afterward.

Softer UK CPI to drag the GBP towards the bottom its recent trading ranges against the EUR and USD – MUFG

Natural Gas price increases despite steady flows, lower demand

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.